Of course all influenced by FX…and talking about this via Predicted Markets

'the 1.7% drop seen in EUR/USD over Monday and
Tuesday marks the softest start to a week since 12th/13th Dec 2011, 172 weeks
earlier'. Of course EUR/USD just had its worst quarter ever… Euro down
against all major peers except Brazil and Denmark.

Asia - The final PMI reading for the Chinese
manufacturing sector compiled by HSBC for March was 49.6, up from the
preliminary reading of 49.2 and ahead of expectations for a revision to just
49.3. Poor comments on pricing power/margins in survey. In Japan
Tankan survey v poor: Large All Ind. Capex: -1.2% (exp 0.5% prev rev 8.7%)

Key Asian PMIs comments –

China 49.6

Manufacturing PMI falls back into contractionary territory
in March

Despite the sustained fall in cost burdens, any savings were
generally passed on to clients as part of attempts to attract new business,
suggesting a further squeeze on profit margins

the official PMI indicated manufacturers were in better
health last month than February, moving upwards in March to 50.1. The result
was better than expectations, with economists predicting that it would fall to
49.7 from 49.9 in February.

South Korea 49.2

Total new orders fall at fastest pace in over one-and-a-half
years

Japan 50.3

Output growth slows to weakest since October 2014

Indonesia 46.4

Output and new orders drop at fastest rates in four-year
survey history

Interesting on Asia debt too –

Australia / commodities - iron ore tumbled 2.5
per cent, a fifth straight loss, to just $51.35 per tonne. Not only is that
another six-year low for the steelmaking ingredient, it's below the breakeven
rate for Fortescue Metals Group, Australia's third largest iron ore miner.

(Shane Oliver ‏@ShaneOliverAMP 7h7 hours ago

..or here's an idea: the #RBA should do QE but by buying
iron ore! They could just put it back in the ground from which it has come!)